Cheap Apartments for Rent in the Thirty-Eighth & Shadeland Neighborhood of Indianapolis, IN from $437 (58 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Thirty-Eighth & Shadeland area of Indianapolis.

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property at 6059 Dickson Rd
$900 - $950
2 Bedroom Rentals
Available Now
Affordability

6059 Dickson Rd

IndianapolisIN46226

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property at 5960 42nd St
$1,100
2 Bedroom Rentals
Available Now
Affordability

5960 42nd St

IndianapolisIN46226
property at 6249 Windsor Dr
$1,200

Total Monthly Price

Base Rent$1,200
Total Monthly Price$1,200
3 Bedroom, 1 Bath Home for Rent
Available Oct 1
Affordability

6249 Windsor Dr

IndianapolisIN46219
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Emerson Place
1 to 3 Bedroom Apartments

Emerson Place

2110 Emerson Knoll PlIndianapolis, IN 46218

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

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3825 N Whittier Pl
1 Bedroom Apartments

3825 N Whittier Pl

3825 N Whittier PlIndianapolis, IN 46226
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Peppermill Farms
1 to 2 Bedroom Apartments

Peppermill Farms

6830 Mill View DrIndianapolis, IN 46226
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1745 N Ritter Ave
1 Bedroom Apartments

1745 N Ritter Ave

1745 N Ritter AveIndianapolis, IN 46218
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Bellagio Living II
1 Bedroom Apartments

Bellagio Living II

8953 Brigadier DrIndianapolis, IN 46226

Thirty-Eighth & Shadeland - One of the Best Affordable Neighborhoods in Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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Lawrence Landing
1 to 2 Bedroom Apartments

Lawrence Landing

6875 Faris AveIndianapolis, IN 46226
  • Utilities Included
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6118 Dickson Rd
2 Bedroom Apartments

6118 Dickson Rd

6118 Dickson RdIndianapolis, IN 46226
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Lawrence Glen
1 to 2 Bedroom Apartments

Lawrence Glen

8633 E 46th StIndianapolis, IN 46226

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Showing Results 1-50, Page 1 of 2

Thirty-Eighth & Shadeland, Indianapolis, IN Local Guide

Cheapest Available Thirty-Eighth & Shadeland Apartments for Rent

 

The cheapest available apartment rental in the Thirty-Eighth & Shadeland area of Indianapolis, IN is a Studio unit found at Franklin Studios priced from $649. Olivewood has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here are the most affordable Thirty-Eighth & Shadeland apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Franklin StudiosStudioStudio, 1BA$649
OlivewoodStudioStudio, 1BA$750
Maison Gardens Apartments2 BDR Remodeled2BR, 1BA$780
Greenway ApartmentsGreenway 1 bedroom1BR, 1BA$795
Kingston Square ApartmentsThe AshStudio, 1BA$799
Frederick SquareFrederick Square 1 bedroom1BR, 1BA$804
Arlington GreenArlington Green 2 bedroom2BR, 1BA$815
Brookhaven Apartments1 Bed 1 Bath1BR, 1BA$825
Jamestowne ApartmentsClassic1BR, 1BA$825
East RidgeTwo Bedroom2BR, 1BA$850

Best Value Apartments for Rent in Thirty-Eighth & Shadeland, IN

As of September 20, 2026 the best value apartment in the Thirty-Eighth & Shadeland area is the $1.07 price per square foot 2 BR / 1.5 BA Model at Shadeland Terrace Townhomes w/Full Basements in the Southeast Indianapolis neighborhood starting from $1,395. The second greatest value Thirty-Eighth & Shadeland apartment is the The Estate - Two Bedroom 1.5 Bath Model at Paragon Park in the Southeast Indianapolis neighborhood starting at $1,249 with a $1.02 price per square foot. Here is today’s list of the best values for Thirty-Eighth & Shadeland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Shadeland Terrace Townhomes w/Full Basements2 BR / 1.5 BA2BR, 1.5BA$1.07
Paragon ParkThe Estate - Two Bedroom 1.5 Bath2BR, 1.5BA$1.02
Brookhaven Apartments2 Bed 1 Bath2BR, 1BA$0.91
Lawrence LandingTwo Bedroom2BR, 1.5BA$1.04
Frederick SquareFrederick Square 2 bedroom Large2BR, 1BA$0.96
Park Forest Apartments2BR/1BA2BR, 1BA$1.07
Apartments @ Marten Court2x12BR, 1BA$1.15
6028 Laurel Hall Dr2BR/1.0BA2BR, 1BA$1.09
East RidgeTwo Bedroom2BR, 1BA$0.97
Jamestowne ApartmentsClassic1BR, 1BA$1.17

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Thirty-Eighth & Shadeland, Indianapolis, IN

Ranked #134

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Thirty-Eighth & Shadeland Apartments

What is a cheap apartment in Thirty-Eighth & Shadeland?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Thirty-Eighth & Shadeland is under $850.

What is the price of a cheap apartment in Thirty-Eighth & Shadeland?

The cheapest apartment in Thirty-Eighth & Shadeland is Maison Gardens Apartments which is listed at $785, while the average apartment in Thirty-Eighth & Shadeland costs $995.

What types of apartments are the cheapest in Thirty-Eighth & Shadeland?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 14 regular apartments in Thirty-Eighth & Shadeland that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Thirty-Eighth & Shadeland?

Cheap apartments in Thirty-Eighth & Shadeland have an average cost of $157 which is $838 cheaper than the average rent for all rentals in Thirty-Eighth & Shadeland.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

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My name is Wendy, and I am the local expert for ApartmentHomeLiving.com in the Indianapolis area. Being born and raised in Indiana, I know the true meaning of Hoosier hospitality.

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Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

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My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.

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Written by: Wendy Melton

Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

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